Centre Stage Uniforms, based in Mytholmroyd, which supplies uniforms to brass bands around the UK, has secured a £275,000 investment from Finance Yorkshire’s Equity Linked Fund.
The business was formed in 2009 as a sideline by brass band enthusiast Martin Gernon. After securing orders from bands and from a sizeable corporate organisation in 2011 he decided to run the business full-time.
Centre Stage will use the cash injection to invest in working capital and equipment to meet the demands of its growing customer base and to expand internationally.
Mr Gernon said: “I have a lifelong involvement in brass bands, and I understand only too well the financial restraints that they are under. Falling concert and commercial revenues, combined with rising costs make it difficult for many bands to make ends meet.
“Uniforms are one of the biggest expenses and UK suppliers are expensive. I have spent years sourcing quality products in the Far East to offer UK bands a high quality product at overseas cost.”
“As a fast growing young business we are delighted to have secured this Equity Linked investment from Finance Yorkshire. It will enable us to achieve our growth ambitions considerably sooner than would otherwise have been the case.”
To date Finance Yorkshire has made 543 investments in small and medium sized businesses totalling more than £67.5 million.